Tuesday, Oct 27, 12:05 GMT
U.S. Trading Newsletter
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Forex Blogs
The Advisor Weblog: Gbp/Usd after Sales by Valeria Bednarik
Gbp has been quite positive since early opening, and continues to the upside, after October Retail sales volume increase in October to 8 from a previous reading of 3. Yet from a technical point of view, 4 hours charts show pair is being capped by 20 SMA still with a bearish slope, and Pound has no enough strength yet to break to the upside.
Chartology: EUR/USD 30 min Fibonacci Support by Raghee Horner
Tech Trading: EUR/USD Update by César B. Leiceaga
The Trader's Edge: EUR/USD & Trade Sheet Link by Ross Yamashita
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 27, 14:00 GMT
Type of Session: Webinar
Trading Price−Oscillator Divergences in the Forex Market
Expert: James Chen
Start: Tue, Oct 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 27, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Oct 27, 15:00 GMT | Trading Price−Oscillator Divergences in the Forex Market | James Chen | WBN | |
| Tue, Oct 27, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
| Tue, Oct 27, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
Hitting Its Channel Resistance
FXTechstrategy − With a marginal close seen Monday following a retest of its falling channel resistance, another attempt was seen being made at the same resistance today. GBP continues to struggle within the mentioned channel since breaking into it the past week following its failure at the 1.6692 level, its Oct 23'09 high.
EUR/USD
New downtrend channels forming with the upper of those at 1.5000 / 20 by ACM − Advanced Currency Markets
After several days of consolidation the stops on EURUSD had built to rather large levels and after hitting the first round of stops just below 1.4980, we saw more and more get triggered all the way down to the major support at 1.4850 / 75
WEEKLY: AUD/USD
The pair continues to post gains albeit small ones by Second Skies LLC
Still climbing, still gaining week after week, the pair continues to post gains albeit small ones. With only 4 out of the last 12 weekly gains only being at or outside the weekly ATR.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 27 | 14:00 | Consumer Confidence | - | 53.6 | 53.1 |
US economic indicators - Consumer confidence indicators (Oct): No improvement by BHF−Bank
The Conference Board's consumer confidence unexpectedly fell slightly by 1.4 points to 53.1. Although it is already at a relatively low level, we expect consumer confidence to have remained unchanged in October: the University of Michigan's (UMI) preliminary consumer sentiment dropped by about 4 points to 69.4, as uncertainty about the economic outlook increased.
[ Full Story ]Event of the Week
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 29 | 12:30 | Gross Domestic Purchases Price Index | - | 1.2% | -1.4% |
| Oct 29 | 12:30 | Gross Domestic Product Annualized | - | 3.1% | -0.7% |
Friday Notes - A strong third quarter by UniCredit Group
[ Full Story ]GDP Observatory - US: Recovery will take hold in 3Q09 by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 27 | 07:00 | CH | UBS Consumption Indicator (Sep) | 0.63 | 0.63 | 0.62 |
| 09:00 | EMU | M3 (YoY) (Sep) | 1.8% | 2.1% | 2.6% |
|
| 11:00 | UK | CBI Distributive Trades Survey − Expected (MoM) (Oct) | 19% | 36% | ||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Oct) | 8 | 6 | 3 | |
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Aug) | -11.9% | -13.3% | ||
| 14:00 | US | Consumer Confidence (Oct) | 53.6 | 53.1 | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Oct) | 14 | 14 | ||
| 16:00 | US | Treasury's Geithner Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 25) | -49 | -50 | ||
| 23:50 | JP | Retail Trade (YoY) (Sep) | -1.5% | -1.8% | ||
Educational Resources
Volatility Illuminated by Mark Whistler
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Read more about Mark Whistler's new book!
Related Resources
Volatility Trading Strategies to Perceive and Defeat FX Volatility through Traditional Indicators - Live Session on Mon, Nov 2 2009 at 16:00 GMT - Register Here
Check his author's page to know more about him and his contributions!